Crime is the business of Wall Street. Wall Street is criminal at every level of activity.

The crimes go from simple insider trading to gigantic Ponzi schemes, from quick paperwork tricks to institutional frauds lasting for years or even decades. The recent financial crisis, where a handful of white collar criminals, with the connivance of congress, brought the entire country to its knees.

We know how the crooks operate and we marvel at how much money they are making. Charles Ponzi, whose name is synonymous with financial fraud, operated in the 1920 era by paying early investors using the investment money of later investors. With 'clever' book-keeping tricks, the crooks still do this today.

The economy of this country has been weak for decades. Jobs are shipped overseas. Workers are struggling with basic survival. The entire 'economic system' crashed in 2008 as massive financial institutions (too big to fail) failed due to packaged 'Subprime' loans and 'credit default swaps' (new categories of banking crime). The Dow Jones Industrial Average hit a high of over 14,000 points a year earlier, fell nearly 800 points in one day, and closed at 6,594 in March a year later.

But, the crooks are making so much money that this year, records for stock market highs are being broken...CNBC reports "US stocks close at record highs, Dow hits 7th straight day of gains" and the Dow Jones Industrial Average is reported at 18261.45. At the same time the Census Bureau reports that In 2013, real median household income was 8.0 percent lower than in 2007... lower than before the crash.

Something is wrong. All of that money the crooks are making can't be 'real' money. Where is it coming from. Are auto manufacturers selling more cars? Are more houses being built for American families who can't find jobs? When the stock of one of these companies goes up, is that because that company is doing more business or making more profits? OR, has Charles Ponzi been resurrected as James Dimon, Lloyd C. Blankfein, Winfried Bischoff, or Kenneth D. Lewis (2007 top officials of Bank of America, Citigroup, Goldman Sacs, or JP Morgan Chase).There have been numerous movies, books, and television shows depicting crime on Wall Street and yet, we all seem willing to accept Wall Street crime as the normal way of doing business in America. It really doesn't have to be this way. (related: as an aside, remember that the Pentagon stole 6.5 Trillion from taxpayers and lost it... talk about crime !!!)

But, this is how it is. While we all watched from the sidelines, the largest crimes in history have taken place and not one of the criminals has even been prosecuted let alone sent to jail... crimes to which they have actually admitted. This is the truth... while the average American is moving backwards in the financial sense, the crooks are raking it in like never before.

Last Thursday, the Consumer Financial Protection Bureau (CFPB) announced that Wells Fargo was paying $185 million in fines and penalties for allowing its employees to open “more than two million deposit and credit card accounts” that were not authorized by its customers. The employees were attempting to “hit sales targets and receive bonuses.” In one of the most audacious forms of bank fraud, according to the CFPB, employees actually “transferred funds from consumers’ authorized accounts to temporarily fund the new, unauthorized accounts.” This resulted in untold numbers of customers being charged for insufficient funds in their legitimate accounts or paying overdraft fees.

If anyone ever doubted Senator Bernie Sanders when he repeatedly said during campaign stops that fraud has become a business model on Wall Street, that debate is over. According to the CFPB, this conduct at Wells Fargo went on for five years. Yesterday, Fortune’s Stephen Gandel reported that the woman who headed up this division at Wells Fargo, Carrie Tolstedt, will be “walking away with $124.6 million in stock, options, and restricted Wells Fargo shares.” Fraud is not only a business model but a road to riches for the overlords on Wall Street. Just ask John Paulson, Sandy Weill, Robert Rubin, John Reed, and Jamie Dimon.

Fake accounts are just the latest alchemy on Wall Street. Let’s not forget that Bernard Madoff was generating fake statements to thousands of clients showing that $65 billion in fake money was in their accounts as the industry’s top watchdog, the Securities and Exchange Commission (SEC), ignored the repeated warnings from whistleblower Harry Markopolos for years. But Ponzi schemers are not the only source of fake money on Wall Street. Just consider how the Federal Reserve secretly funneled $13 trillion in cumulative, below-market-rate loans to some of the most hubristic banks on Wall Street and on foreign shores during the 2007 to 2010 financial crisis. How did the Fed create that money without any appropriation from Congress? It simply pressed a button.

Wall Street is able to sustain its business model of fraud because it has fake courts to hear cases brought by its customers and employees. Wall Street is the only industry in America which universally requires by written contract that its customers and employees agree to use its private justice system prior to opening an account or getting a job. That system, called mandatory arbitration, is overseen by Wall Street’s crony self-regulator, Finra, and offers none of the protections of the nation’s taxpayer-funded courts where juries are randomly selected from a broad base of the population, decisions are based on case law, and higher courts can hear appeals. Gloria Steinem once called the system “McJustice.”

Then there are the fake regulators of Wall Street who seamlessly move from their multi-million dollar pay packages at corporate law firms to head the SEC and Justice Department. On June 2 of last year, Senator Elizabeth Warren sent a 13-page letter to the SEC Chair, Mary Jo White, listing her abysmal failures and conflicts of interest in doing the job of a tough cop on the beat. Wall Street On Parade has also repeatedly pointed out the impossible conflicts of Mary Jo White and her husband, John White, who between them have represented every major Wall Street firm. Last year, the New York Times reported that in a span of two years as head of the SEC, Mary Jo White had recused herself from more than four dozen enforcement investigations as a result of her conflicts or those of her husband. And yet the Obama administration ignores this untenable situation as serial crimes continue to pile up on Wall Street.

The U.S. Justice Department under Attorney General Eric Holder, who served from February 2009 until the spring of 2015, was also a casebook study of conflicts of interest. Both Holder and his head of the Justice Department’s Criminal Division, Lanny Breuer, hailed from the corporate law firm, Covington & Burling, which regularly represented the biggest Wall Street banks. This is how the PBS program, Frontline, reported on the Holder/Breuer pursuit of justice on Wall Street following the largest financial crash and crime spree since the Great Depression. (The program was brilliantly titled “The Untouchables.”)

NARRATOR:Frontline spoke to two former high-level Justice Department prosecutors who served in the Criminal Division under Lanny Breuer. In their opinion, Breuer was overly fearful of losing.

MARTIN SMITH (Frontline Producer and Moderator): We spoke to a couple of sources from within the Criminal Division, and they reported that when it came to Wall Street, there were no investigations going on. There were no subpoenas, no document reviews, no wiretaps.

LANNY BREUER: Well, I don’t know who you spoke with because we have looked hard at the very types of matters that you’re talking about.

MARTIN SMITH: These sources said that at the weekly indictment approval meetings that there was no case ever mentioned that was even close to indicting Wall Street for financial crimes.​Both Holder and Breuer returned to their high paying jobs at Covington & Burling after leaving the Justice Department. The law firm kept a corner office awaiting Holder’s return. During their tenure at the Justice Department, not one criminal case was brought against a major Wall Street bank or its top executives for crimes related to the 2008 crash that toppled the U.S. economy.